The NSE and the BSE today, in a very uncommon move, have decided to extend the market hours by 2.5 hours till 05:00 PM (IST) after the National Stock Exchange today remained shut for most of the market hours due to a technical issue.
Traders were unable to do cash and F&O trading on the National Stock Exchange (NSE) today after the Exchange stopped taking ‘buy’ and ‘sell’ orders from 11:40 AM (IST). Prime stock market indices Nifty 50 and Nifty Bank unusually halted at around 10:00 AM (IST).
After some delay, the National Stock Exchange released an official statement saying it has, “multiple telecom links with two service providers to ensure redundancy and we have received communication from both the telecom service providers that there are issues with their links due to which there is an impact on NSE system. We are working on restoring the systems as soon as possible. In view of the above, all the segments have been closed at 11:40 and will be restored as soon as the issue is resolved.”
NSE had tried to get the system running again by 1:30 PM but failed to meet the deadline following which they decided to resume the market at 3:45 PM and extend the trading hours to allow traders to make up for the lost time.
